MoneyPatterns

LEVI – Wedge Support Lowered – Pattern Intact

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NYSE:LEVI   Levi Strauss & Co
Update from previous chart as wedge support was too high.

Trade Entry
Holding Feb. 21 expiry Put Credit Spread 18/22 strikes.

Chart Details
LEVI price looked to breakdown out of Bull Flag.
Support from previous chart was $18.87 from Jan. 6 low.
Support moved to Dec. 17 low of $18.68. Pattern intact if above exit.
Exit below $18.60
Bullish EMA cross above $19.08.
Price is already above 10WeekMA. EMA Cross will confirm bullish uptrend to gap fill.

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Previous chart
コメント:
LEVI Undervalued by 39% based on Intrinsic Calculation
This plays into earnings trade mentioned
finance.yahoo.c...-140246734.html?.tsrc=rss
コメント:
I would consider the Stop Reached on this technically speaking.
Pattern has broken.
I am staying in current position. I have time with Feb. 21 expiry.
Below 18.10 and I exit, which is 10WeekMA.
4hr is ready to flip bullish with bearish trend since Dec. 17. Long time for 4Hr bearish.

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